Credit Card

Credit Card: What Do You Need to Know to Make the Right Choice?

The credit card of the Philippines is a kind of bank loan for consumer needs. As a rule, the card is issued for three years, during which its owner can make purchases and pay for services at retail outlets-partners of the issuing bank. Many banks provide this service without commission within a certain period. If you are not familiar with the work of credit cards and you are choosing the first one, read thus useful article http s://www.wikihow.com/Choose-Your-First-Credit-Card.

What can you learn from credit card numbers?

All plastic products of the bank, without exception, have a credit card number, and it is as individual and unique as fingerprints. This number contains a set of numbers in which the data about the card itself and about its owner is encoded. The six first digits, in order, are used to identify the bank by card type, which is assigned by the payment system. This group of numbers is also called BIN-code. The remaining ten may include a variety of data defined by the bank:

  • the presence of a chip,
  • the nature of the currency,
  • a bank branch, etc.

Bank card numbers can be applied to plastic in two ways. The simplest and most common when the numbers are simply printed by a certain coloring composition. Sometimes, to make the card look more impressive, financial institutions use embossing. When using this method, the number looks like inlay, slightly protruding above the surface. Both versions of the image numbers are reliable and valid.

All users of credit cards, making out a banking product, receive from the manager detailed information about it. In addition, a memo is always handed over for use, but sometimes the question arises as to what is the number of any credit card and where it is located.

The card number is indicated on its front side. Here you can also see the date of the card’s validity and, on the reverse side, find the three-digit verification code. Do not confuse a plastic card number with a bank account. The account is listed in the documents on the card, not on it.

Variety of credit cards. How to make a choice?

If we talk about what credit card numbers, then it should be noted that Visa and MasterCard banking products include a 16-digit number, divided into sectors of four in each. These are the most popular credit cards among users of the Philippines. They make it possible to use credit funds, both at home and almost everywhere abroad.

Sometimes you can still find a visa number on a 13-digit credit card, but this is extremely rare. There are cards in 15 digital icons from three sectors – this is American Express. But with nineteen signs, credit cards are issued, as a rule, as additional to the main credit programs.

By the first number of the number you can understand which payment system the credit card belongs to. The number 3 indicates that this credit card belongs to the American Express system. If the first four flaunts, then the card from Visa. A MasterCard bank card number will start with a five.

Further decoding of the values ​​does not matter much for the owners of bank plastic and those who replenish the credit account for them, since this information concerns the details of the lender, the banking program, etc.

How exactly the card number is generated, for security reasons, banks do not disclose. This information may attract the attention of people who are “unclean”. However, even if it is assumed that the attacker will be able to decrypt the encoded information, he will not be able to conduct the transaction without personal verification code of the cardholder. Therefore, if you are offered to transfer money to a credit card and ask: “Give a credit card number”, you can safely say it.

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